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20121120
20121120
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FOX Business
Nov 19, 2012 10:00pm EST
politics will trump economic judgment. joining us is douglas holtz eakin, the president of the american action forum. good to have you with us. i ha to say, don't know what your reaction was that as i watched the market take off, i didn't see the strength of the president's words that would warrant such a powerful reaction. >> struck me as a very naive reaction, one that is likely to be reverseas disappointment sets in. if we were to simply go ahead and go off the cliff, we have strong market reaction. the recipe for a recession in my view and one that would not be easily reversed display some people's claims to go backwards somehow. that circumstance of tt kind of danger for we have already committed to raising taxes through the health care reform, there is a real premium placed not raising other taxes and getting rid of the mindless cuts across the board, i don't see that falling into place automatically. that is politics over common nse. lou: we're not even hearing discussion of the defense cuts under sequestration. we have heard only some nice but welcomed positive words from the pr
Search Results 0 to 1 of about 2 (some duplicates have been removed)